SAN JOSE, Calif., May 9, 2017 /PRNewswire/ -- Intacct, the innovation and customer satisfaction leader in cloud ERP software, today announced that Intacct Contract and Revenue Management has been named a winner of a Silver Stevie® Award in the Best Product or Service of the Year - Software - Cloud Enterprise Resource category in The 15th Annual American Business Awards.
The American Business Awards are the nation's premier business awards program, and all organizations operating in the U.S.A. are eligible to submit nominations. More than 190 professionals worldwide participated in the judging process to select this year's winners, while more than 3,600 nominations from virtually every industry were submitted for consideration.
Intacct Contract and Revenue Management encompasses applications for contract and subscriptions billing, as well as contract revenue management. Part of Intacct's cloud ERP system, these applications form the industry's first automated solution to help mid-sized companies navigate the complexities created by the upcoming ASC 606 and IFRS 15 revenue recognition guidelines—the most sweeping accounting changes in over a decade. The applications feature a contract-centric architecture that also streamlines the complexities of subscription billing to help companies grow revenue.
"Innovation is a key component of Intacct's DNA. Our focus on finance allows Intacct to move faster than our competitors and enabled us to deliver a more comprehensive solution to manage the impending changes to the revenue recognition guidelines," said Dan Miller, VP of Product Management for Intacct. "ASC 606 ushers in the most sweeping accounting changes in over a decade. Companies need a way to easily and seamlessly manage their transition to the new accounting standards without using complex work-arounds, bolt-on solutions, scripting that may break over time, or hiring a significant amount of additional accountants."
"Each year the judges find the quality and variety of the nominations to be greater than the year before. The 2017 competition was intense and every organization that has won should be proud," said Michael Gallagher, president and founder of the Stevie Awards.
This award from the American Business Awards continues a string of product awards for Intacct over the past few months. Previous awards include: Accounting Today naming Intacct Contract and Revenue Management one of the Top New Products for 2017, being named to PC Magazine's list of the Best Business Products of 2016, and winning a 2016 Best in Biz Awards for Best New Product of the Year.
To learn more about how Intacct helps companies with the transition to ASC 606 and IFRS 15, please visit https://www.intacct.com/asc606-ifrs15.
The American Business Awards will be presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York on Tuesday, June 20. Details about The American Business Awards and the list of 2017 Stevie winners are available at www.StevieAwards.com/ABA.
Intacct is the innovation and customer satisfaction leader in cloud ERP software. Bringing cloud computing to finance and accounting, Intacct's innovative and award-winning applications are the preferred financial applications for AICPA business solutions. In use by organizations from startups to public companies, Intacct is designed to improve company performance and make finance more productive. Hundreds of leading CPA firms and Value Added Resellers also offer Intacct to their clients. The Intacct system includes accounting, cash management, purchasing, vendor management, financial consolidation, subscription billing, contract management, revenue recognition, project accounting, fund accounting, inventory management, and financial reporting applications, all delivered over the Internet via cloud computing.
Intacct and the Intacct logo are trademarks of Intacct Corporation. All other company and product names mentioned herein may be trademarks of their respective owners.
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